Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
258.14M
as of Jul 4, 2025.
We will project this out 5 years with a yearly growth
rate of
8.13%.
Starting with 258.14M and growing at 8.13%
for 5 years, we estimate Free Cash Flow will be
381.58M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 60.7M.
We will project this out 5 year(s) with a growth rate
of 0.37%.
Estimated Diluted Shares Outstanding: 61.83M.
Step 3: Project Future Stock Price
Using a price ratio of 20.71, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(381.58M ÷ 61.83M) × 20.71 =
$127
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.36.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.7999999999999998.
Step 5: Discount the Projected Stock Price
Projected stock price: $127.
Including dividends, total future value: $128.8.
Discounted at 10% per
year over 5 years → Fair Value:
$79.
